Based in Spanair’s former home of Barcelona, Volotea — derived from the Spanish verb “revolotear” meaning “to fly around” — is being launched by two men with solid experience in the Spanish low-cost carrier biz: Carlos Munoz and Lazaro Ros, co-founders of Vueling Airlines. With the help of private equity firms, Munoz and Ros have secured about $65 million (€50 million) in capital for Volotea. Up to 20 former Spanair employees may be brought on as the airline staffs up.